StockNews.com cut shares of Natural Resource Partners (NYSE:NRP – Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.
Natural Resource Partners Price Performance
NRP stock opened at $87.76 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 6.48 and a beta of 0.51. The firm’s fifty day moving average is $91.99 and its 200 day moving average is $90.75. Natural Resource Partners has a 52 week low of $64.04 and a 52 week high of $102.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.76 and a current ratio of 1.76.
Natural Resource Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, August 20th. Natural Resource Partners’s dividend payout ratio is presently 22.16%.
Institutional Trading of Natural Resource Partners
About Natural Resource Partners
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.
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